Silver Price Sinks to $15.72 Amid European News

Silver dropped 1.6 percent on Wednesday to hit $15.72 an ounce, as reported by Reuters. The move came as timid investors eyed a weaker dollar and euro, the result of disappointing consumer confidence in the Eurozone.

Investors are also looking to Greece, with concerns over its dwindling cash and the possibility of the country leaving the Eurzone. Euro ministers are not confident that Greek reforms will be established by the end of the month.